Demand Shocks as Technology Shocks
收藏NBER2024-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32169
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资源简介：
We provide a macroeconomic theory where demand for goods has a productive role. A search friction prevents perfect matching between producers and potential customers. Larger demand induces more search, which in turn increases GDP and measured TFP. We embed the product-market friction in a standard
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美国国家经济研究局创建时间：
2024-02-01
